EUR/USD Technical Analysis: Fiber is erasing the daily losses as spot is testing 1.1350 level

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EUR/USD daily chart

  • EUR/USD is trading in a bear trend below the 200-day simple moving average (SMA). 


	EUR/USD Technical Analysis: Fiber is erasing the daily losses as spot is testing 1.1350 level

EUR/USD 4-hour chart

  • Fiber is trading below its main SMAs suggesting bearish momentum in the medium-term.


	EUR/USD Technical Analysis: Fiber is erasing the daily losses as spot is testing 1.1350 level

EUR/USD 30-minute chart

  • EUR/USD is trading below it main SMAs. As discussed previously, the 1.1320 support was significant as the market reversed up a few pips above that level.
  • It seems that bulls have what it takes to get to 1.1370 but they need a significant break above that level in order to regain some control of the market.
  • Since the current momentum is bearish, sellers might still potentially come back and collapse the market to 1.13000 figure so buyers should remain prudent.


	EUR/USD Technical Analysis: Fiber is erasing the daily losses as spot is testing 1.1350 level

Additional key levels

EUR/USD

Overview:
    Today Last Price: 1.1356
    Today Daily change: -12 pips
    Today Daily change %: -0.11%
    Today Daily Open: 1.1368
Trends:
    Daily SMA20: 1.1414
    Daily SMA50: 1.1401
    Daily SMA100: 1.1434
    Daily SMA200: 1.1551
Levels:
    Previous Daily High: 1.1416
    Previous Daily Low: 1.1362
    Previous Weekly High: 1.1516
    Previous Weekly Low: 1.139
    Previous Monthly High: 1.1586
    Previous Monthly Low: 1.1289
    Daily Fibonacci 38.2%: 1.1383
    Daily Fibonacci 61.8%: 1.1395
    Daily Pivot Point S1: 1.1348
    Daily Pivot Point S2: 1.1327
    Daily Pivot Point S3: 1.1293
    Daily Pivot Point R1: 1.1403
    Daily Pivot Point R2: 1.1437
    Daily Pivot Point R3: 1.1458

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